LONDON (Nov. 14)
The United States has arranged for a complicated four-country barter pact for the sale of Turkish chrome to the United States with the aid of Israel and Poland.
The United States will import Turkish chrome and pay for it with farm surplus products. The farm products will be supplied to Israel and Poland. Those two countries will complete the agreement by sending Turkey products of equal value under current agreements they have with Turkey.
For Israel, the pact amounts to orders for $4,000,000 worth of products with an option for $5,000,000 in sales. Israel will send Turkey tires, chemicals, plastics, news-print and semi-finished products.